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I know I'm late getting into the Wii scene and all, but I'm finally doing it.
So my first question- Which of the two stickies is preferred? XFlak's or xzxero's? Are there any differences between the two?

Second- Are there any performance issues when running backups off an external harddrive instead of an actual disc?

Third- What are the differences between softmod and hardmod?

And lastly- What're some common problems & causes so I can avoid doing any?